Annual Report 2022-23
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MANUFACTUREDCAPITAL

We have been strengthening our operations through a combination of process efficiency and expansion. Our strategies and plans of action are guided by our motto ––‘We always find a better way’ – which is reflected in the high-quality products that we deliver to our customers.

Material issues addressed

Innovation, Research & Development

Total Quality Management

Employment

Occupational Health & Safety

Key Material Procurement and Management

Inputs

2,815.78 Cr.

Capex

10

Manufacturing facilities

Outputs

Higher sales volume

86+

Countries we export to

We employ cutting-edge facilities and highly effective production methods to manufacture dependable and high-quality goods. Through our extensive product range, we aim to provide a diverse range of superior products with elements of sustainability and value accretive for our customers. We have attained economies of scale through backward integration in our chemical business and remain steadfast in our commitment to deliver excellent products through our R&D efforts, which has earned us enduring customer relationships.

Record sales achieved for Dymel® HFA 134a/P, with an expanded geographical footprint across 20+ countries

Guided by strong demand, we have been able to utilise optimum capacity for the Chemical Business. However, Packaging Films Business and Technical Textiles Business witnessed headwinds owing to the difficult market situation.

Ensuring robust manufacturing, some of our initiatives are:

  • Quality, Cost, Delivery & Safety
  • Quality Circles
  • PSP Certification
  • Failure, Modes and Affect Analysis

Raw Material Efficiency

Our efforts are focussed on optimising the use of resources, including sustainable sourcing of raw materials. At SRF, we are committed to increasing the usage and proportion of recycled input materials in our manufacturing processes through product reengineering and innovation. In addition to reducing our environmental impact, this approach also minimises waste generated at the source by promoting the reuse of input materials.

SRF Limited continues to focus on creating a strong indigenous supply chain network for the procurement of locally sourced raw materials to promote local businesses and mitigate the associated environmental impact.

Impact of Intellectual Capital on other capitals

  • Financial Capital: Revenue generation and higher turnover
  • Intellectual Capital: Asset optimisation and better operational efficiency
  • Human Capital: Digital ready and trained workforce, optimum productivity levels
  • Natural Capital: Efficient utilisation of natural resources utilised during production
  • Social & Relationship Capital: Collaborations for better solutions for the market